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Published: 2023-06-21 16:16:05 ET
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8-K
DE false 0001283699 0001283699 2023-06-16 2023-06-16

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 16, 2023

 

 

 

LOGO

T-MOBILE US, INC.

(Exact name of registrant as specified in its charter)

 

 

 

DELAWARE   1-33409   20-0836269

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

 

12920 SE 38th Street

Bellevue, Washington

  98006-1350
(Address of principal executive offices)   (Zip Code)

Registrant’s telephone number, including area code: (425) 378-4000

Not Applicable

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

 

Trading
Symbol

 

Name of each exchange

on which registered

Common Stock, $0.00001 par value per share   TMUS   The NASDAQ Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 


Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

As noted below under Item 5.07, at the Annual Meeting of Stockholders (the “Annual Meeting”) of T-Mobile US, Inc. (the “Company”) held on June 16, 2023, the Company’s stockholders approved the T-Mobile US, Inc. 2023 Incentive Award Plan (the “Incentive Plan”) and the T-Mobile US, Inc. Amended and Restated 2014 Employee Stock Purchase Plan (the “ESPP” and, together with the Incentive Plan, the “Plans”) and the Plans became effective. The Incentive Plan and the ESPP were adopted by the Board of Directors of the Company (the “Board”) on March 24, 2023, subject to stockholder approval.

A description of the material terms of the Plans was included in the Company’s Definitive Proxy Statement (“Proxy Statement”) on Schedule 14A filed with the Securities and Exchange Commission (“SEC”) on April 28, 2023. The foregoing and the descriptions in the Proxy Statement are not complete summaries of the terms of each Plan and are qualified by reference to the full text of the Plans, copies of which are filed as Exhibits 10.1 and 10.2 hereto and incorporated by reference herein.

Item 5.07 — Submission of Matters to a Vote of Security Holders.

On June 16, 2023, the Company held its Annual Meeting. At the Annual Meeting, the following six proposals were presented, as described in the Proxy Statement:

 

  (1)

Elect 13 director nominees named in the Proxy Statement to the Board;

 

  (2)

Ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023;

 

  (3)

Conduct an advisory vote to approve the compensation provided to the Company’s named executive officers for 2022;

 

  (4)

Conduct an advisory vote on the frequency of future advisory votes to approve the compensation provided to the Company’s named executive officers;

 

  (5)

Approve the Incentive Plan; and

 

  (6)

Approve the ESPP.


Proposal 1 – Election of Directors.

The following 13 director nominees were elected as directors, each to hold office until the Company’s 2024 Annual Meeting of Stockholders, or until his/her successor is elected and qualified, by the votes set forth below:

 

Director Nominee

   For      Withhold      Broker Non-Votes  

André Almeida

     951,819,124        147,069,532        31,465,166  

Marcelo Claure

     944,361,965        154,526,691        31,465,166  

Srikant M. Datar

     1,070,523,539        28,365,117        31,465,166  

Srinivasan Gopalan

     932,092,760        166,795,896        31,465,166  

Timotheus Höttges

     944,581,043        154,307,613        31,465,166  

Christian P. Illek

     881,658,854        217,229,802        31,465,166  

Raphael Kübler

     880,626,429        218,262,227        31,465,166  

Thorsten Langheim

     952,100,760        146,787,896        31,465,166  

Dominique Leroy

     883,218,921        215,669,735        31,465,166  

Letitia A. Long

     1,017,469,978        81,418,678        31,465,166  

G. Michael Sievert

     989,403,292        109,485,364        31,465,166  

Teresa A. Taylor

     970,288,528        128,600,128        31,465,166  

Kelvin R. Westbrook

     1,049,325,503        49,563,153        31,465,166  

Proposal 2 – Ratification of the Appointment of Deloitte & Touche LLP.

The appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the Company’s fiscal year ending December 31, 2023 was ratified by the votes set forth below:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

1,129,066,920   611,595   675,307   —  

Proposal 3 – Advisory Vote to Approve the Compensation Provided to the Company’s Named Executive Officers for 2022.

The compensation provided to the Company’s named executive officers for 2022 was approved by an advisory vote, as set forth below:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

1,062,485,902   36,129,647   273,107   31,465,166

Proposal 4 – Advisory Vote on the Frequency of Future Advisory Votes to Approve the Compensation Provided to the Company’s Named Executive Officers.

The advisory vote on the frequency of future advisory votes to approve the compensation provided to the Company’s named executive officers received the following votes:

 

1 Year

 

2 Years

 

3 Years

 

Abstain

 

Broker Non-Votes

399,323,703   216,074   699,146,155   202,724   31,465,166


As disclosed in the Proxy Statement, the Board believes that holding an advisory say-on-pay vote every three years offers the closest alignment with the Company’s approach to executive compensation and its underlying philosophy that seeks to enhance the long-term growth of the Company and to attract, retain and motivate our executive officers over the long term. A three-year cycle for the advisory say-on-pay vote will provide investors the most meaningful timing alternative by which to evaluate the effectiveness of the Company’s executive compensation strategies and their alignment with the Company’s business and results of operations. The Board also believes that a three-year vote cycle for the advisory say-on-pay vote will give the Board sufficient time to thoughtfully consider the results of the advisory vote and to implement any desired changes to the Company’s executive compensation policies and procedures. Based on the Board of Directors’ recommendation in the Proxy Statement and the voting results with respect to the advisory vote on the frequency of future advisory votes on executive compensation, the Company has adopted a policy to hold an advisory vote to approve executive compensation every three years.

Proposal 5 – Approval of the T-Mobile US, Inc. 2023 Incentive Award Plan.

The Incentive Plan was approved by the votes set forth below:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

1,061,029,851   37,663,647   195,158   31,465,166

Proposal 6 – Approval of the T-Mobile US, Inc. Amended and Restated 2014 Employee Stock Purchase Plan.

The ESPP was approved by the votes set forth below:

 

For

 

Against

 

Abstain

 

Broker Non-Votes

1,098,229,482   507,678   151,496   31,465,166

 


Item 9.01 — Financial Statements and Exhibits.

(d) Exhibits:

 

Exhibit    Description
10.1    T-Mobile US, Inc. 2023 Incentive Award Plan (filed as Annex A to the Company’s Definitive Proxy Statement on Schedule 14A filed April 28, 2023, File No. 001-33409, and incorporated herein by reference)
10.2    T-Mobile US, Inc. Amended and Restated 2014 Employee Stock Purchase Plan (filed as Annex B to the Company’s Definitive Proxy Statement on Schedule 14A filed April 28, 2023, File No. 001-33409, and incorporated herein by reference)
104    Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

 


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

      T-MOBILE US, INC.
June 21, 2023      

/s/ Peter Osvaldik

     

Peter Osvaldik

Executive Vice President and Chief Financial Officer